— The Victorian economy is expected to grow at 2.5 per cent in 2014/15, with growth improving to 2.75 per cent in 2015/16.

— The state’s net debt is tipped to fall, as is unemployment, with the 2014/15 rate of 6.25 per cent due to drop to 5.5 per cent in the next four years.

PUBLIC TRANSPORT

— The $8.5-11 billion Melbourne Rail Link offers a new tunnel from Southern Cross to South Yarra, which will provide 30 extra peak hour services. The tunnel features underground stations at Domain and Fishermans Bend and will connect to the Airport Rail Link, which promises a train service every ten minutes to Melbourne Airport during the day.

— The $2-2.5 billion Cranbourne-Pakenham Rail Corridor project, including 25 new trains and the removal of four level crossings, will boost services on the busiest suburban line by 30 per cent. An extra $685 million will be invested to remove level crossings, including another four in St Albans, Blackburn, Ormond and Glen Iris.

— From the start of next year, Victorians can enjoy free tram travel in Melbourne’s CBD and Docklands, and cheaper fares due to changes to train zones.

ROADS

— Construction on a second east-to-west crossing will start at the end of next year, with the $8-10 billion western section of the East West Link expected to support 3000 jobs at the peak of construction.

- $850 million will be invested to add lanes to the Tullamarine Freeway, in the western section of CityLink, to increase traffic capacity by 30 per cent.

— 37 kilometres of the Princes Highway between Winchelsea and Colac will be duplicated in a $362 million project expected to support 250 jobs during peak construction times.

HEALTH

— An extra $1.4 billion is being invested in Victoria’s hospitals over the next four years, including $223 million in new capital projects such as $73 million to upgrade the Latrobe Regional Hospital and $28 million for the Barwon Health North facility.

— Elective surgery will receive a $190 million injection, while an extra $171 million will help Victorians with a mental illness or a drug and alcohol addiction.

EDUCATION AND TRAINING

— Twelve new schools will be built, including three in regional areas, as part of a $500 million package that also includes $271 million for upgrades to more than 70 schools.

- $1.2 billion each year is committed to skills training, up from $800 million in the Labor Government’s last year, and that includes $30 million over two years to retrain car industry workers.

COMMUNITY SERVICES

— Police, corrections, the courts and community services will be guided to work together in eight communities as part of a $4.5 million plan to stop family violence.

- $34.9 million will be spent over the next four years to combat Victoria’s spiralling ice epidemic.

TAXES

— From July 1 this year, payroll tax rates will fall from 4.9 per cent to 4.85 per cent, helping 39,000 Victorian employers and saving $234 million over four years.

— First homebuyers also receive a boost, with the stamp duty concession rising from 40 per cent to 50 per cent.

— Duties payable on life insurance will be abolished from July 1 this year.

LAW AND ORDER

— Victoria’s prisons will be expanded, with an extra 871 beds and 110 new prison officers employed in a $447 million package.

- $33 million will be spent on new police stations, while $13 million will equip regional police with 580 Taser stun guns.

— 78 new fire trucks as part of a $783 million investment in Victoria’s fire services.

FINES

— Speed cameras are expected to rake in almost an extra $100 million over the next four years, generating an estimated $398.8 million in revenue by 2017/18.

— Fines handed out by police are also expected to increase, with total fine revenue increasing from $692.7 million this year to $839.4 million by 2017/18.

COST OF LIVING

— Car registration will climb $25 fromJuly 1, taking the cost of annual renewal of a standard car to $744.50, while motor vehicle stamp duty hikes will see the cost on a $20,000 car rise from $600 to $640

— Life insurance duties will be abolished, giving people a $600 saving in the first year of a $500,000 policy.

SPORT

— The second stage of upgrading Melbourne Park, including a refurbishment of Rod Laver Arena and new media facilities, will be funded to the tune of $366 million, and also includes a new pedestrian bridge over Batman Avenue.